Shanghai Aims For Return to Normal June 1 After Covid Lockdown
Shanghai's severe lockdown has dealt a major blow to China's slowing economy and disrupted global supply chains.
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Musk Says Twitter’s Legal Team Accused Him of Violating NDA
The Tesla CEO had earlier said that his $44 billion deal to buy Twitter was "temporarily on hold," even though he was still committed to the acquisition.
Twitter CEO Still Expects Musk Deal to Close
CEO Parag Agrawal said "we need to be prepared for all scenarios."
Stripe’s Incoming Finance Exec Decides Not to Join
Former Microsoft exec James Phillips was supposed to join Stripe as president of financial services.
Musk Tweets Twitter Deal on Hold
The declaration has caused Twitter's stock to drop 20% in premarket trading.
Elon Musk Says Twitter Deal Temporarily on Hold
Musk said in a tweet Friday that the $44 billion deal is on hold pending more details on Twitter's spam and fake accounts.
China’s Government Plans Forum With Top Business Executives Next Week
It is unclear whether the coming event could lead to changes to Beijing's ongoing regulatory crackdown on the internet sector.
Affirm Raises Full Year Revenue Guidance
The installment lender anticipates higher revenue growth in 2022 following a better than expected third quarter.
Sam Bankman-Fried Buys 7.6% Stake in Robinhood
Shares of the online investment platform were up 25% in after-hours trading.
Former Meta Crypto Executive David Marcus Launches Startup
Lightspark is Marcus’s first venture since working at Facebook, now known as Meta Platforms, where he first oversaw Facebook messenger and later headed its crypto efforts.
Twitter Imposes Hiring Freeze
Twitter becomes the latest in a spate of companies to signal its intention to be more careful with its spending.
Warner Bros Discovery Signs Deal With BT Sport for UK Football Rights
The newly created Warner Bros. Discovery will pay $115 million to telecoms provider BT as part of the 50:50 joint-venture.
SoftBank’s Vision Fund Posts $26.2 Billion Quarterly Loss on Stock Collapse
SoftBank CEO Masayoshi Son said the Vision Fund is becoming more selective with new investments as the firm focuses on "defense."
Instacart Has Confidentially Filed for IPO
The online grocery confirmed reports it had filed to go public as early as this year, though that could change.
Elon Musk’s Initial Disclosure of Twitter Stake Under SEC Scrutiny
The FTC is also investigating how Musk first disclosed his investment.
HR Startup Rippling Valued at $11 Billion After New Funding
The new round more than doubles the startup's previous valuation of $6.5 billion after its last funding in October.
Fifth FTC Commissioner Confirmed, Breaking 2-2 Partisan Divide
With Georgetown law professor Alvaro Bedoya at the FTC, Lina Khan can finally unleash progressive agenda.
Stripe Head of Security Provos to Depart
The ex-Google engineer and blacksmith is taking time off work.
Disney Reports Streaming Subscriber Growth
Disney gave up $1 billion in revenue by terminating early a film licensing agreement with another company so it could use the content on its own services.
Apple TV+ Film Marketing Head Departs
The departure comes as the streaming service has started to have some notable success.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy